Bernard Wealth Management Corp. Buys New Shares in Equinox Gold Corp. $EQX

Bernard Wealth Management Corp. acquired a new position in shares of Equinox Gold Corp. (NYSEAMERICAN:EQX) in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 10,139 shares of the company’s stock, valued at approximately $58,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in EQX. Tobam bought a new position in Equinox Gold during the first quarter worth $29,000. Grimes & Company Inc. bought a new position in Equinox Gold during the first quarter worth $147,000. Builder Investment Group Inc. ADV boosted its position in Equinox Gold by 2.3% during the first quarter. Builder Investment Group Inc. ADV now owns 1,063,984 shares of the company’s stock worth $7,320,000 after purchasing an additional 23,500 shares during the period. Cambridge Investment Research Advisors Inc. boosted its position in Equinox Gold by 2.4% during the first quarter. Cambridge Investment Research Advisors Inc. now owns 86,161 shares of the company’s stock worth $592,000 after purchasing an additional 1,990 shares during the period. Finally, Continuum Advisory LLC boosted its position in Equinox Gold by 53.3% during the first quarter. Continuum Advisory LLC now owns 7,540 shares of the company’s stock worth $52,000 after purchasing an additional 2,620 shares during the period. 38.85% of the stock is owned by institutional investors.

Equinox Gold Stock Up 1.5%

EQX stock opened at $11.65 on Friday. The company has a market cap of $9.12 billion, a PE ratio of -194.13 and a beta of 1.14. The business has a 50-day simple moving average of $9.33 and a 200 day simple moving average of $7.42. Equinox Gold Corp. has a 52 week low of $4.95 and a 52 week high of $12.22. The company has a quick ratio of 0.53, a current ratio of 0.94 and a debt-to-equity ratio of 0.29.

Equinox Gold (NYSEAMERICAN:EQX) last posted its quarterly earnings results on Wednesday, August 13th. The company reported $0.11 EPS for the quarter, beating analysts’ consensus estimates of $0.02 by $0.09. The business had revenue of $478.64 million during the quarter, compared to the consensus estimate of $470.00 million. Equinox Gold had a positive return on equity of 3.54% and a negative net margin of 1.21%.Equinox Gold’s revenue for the quarter was up 77.7% compared to the same quarter last year. During the same quarter in the previous year, the firm earned ($0.01) earnings per share. Sell-side analysts anticipate that Equinox Gold Corp. will post 0.85 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on the stock. BMO Capital Markets began coverage on shares of Equinox Gold in a research report on Wednesday, June 18th. They set an “outperform” rating for the company. Royal Bank Of Canada raised Equinox Gold from a “sector perform” rating to an “outperform” rating and lifted their target price for the stock from $11.00 to $17.00 in a report on Wednesday, September 10th. CIBC reissued a “neutral” rating on shares of Equinox Gold in a report on Tuesday, July 15th. Cormark raised Equinox Gold from a “hold” rating to a “moderate buy” rating in a report on Friday, August 15th. Finally, Zacks Research raised Equinox Gold from a “strong sell” rating to a “hold” rating in a report on Wednesday, August 13th. One analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and three have issued a Hold rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $26.00.

Equinox Gold Company Profile

Equinox Gold Corp. engages in the exploration, acquisition, development, and operation of mineral properties in the Americas. It explores gold and silver deposits. It holds interest in properties in California located in the United States; Guerrero State located in Mexico; Maranhão, Bahia, and Mina Gerais state located in Brazil; and Ontario, Canada.